Cost of living
Shepherd, Michigan
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Shepherd, MI is situated in the county #86 on the list Top 100 Healthiest Counties in America
Cost of living in Shepherd, Michigan
Cost of living compared to USAthe lowest
Cost of living compared to Michiganmoderate
Median household incomemoderate
Is it expensive to live in Shepherd, Michigan? When calculating the cost of living in Shepherd, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Shepherd, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Shepherd is $56,563 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.
Taxes in Shepherd, Michigan
The sales tax rate in Shepherd, Michigan is 6.0%. Last year, the average property taxes paid was 1.5% Shepherd, Michigan.
The state income tax in the state of Michigan is 4.25%.
Housing costs in Shepherd, Michigan
The average cost of a single-family home compared to USAlow
The average cost of a single-family home compared to Michiganlow
In Shepherd, Michigan, 70.0% of the population owns their homes, while approximately 30.0% rent. The average cost of a single-family home in Shepherd, Michigan in 2022 is $176,838 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $630 per month.
| Rental Size | Monthly Cost | Compared to Michigan |
|---|---|---|
| 1 Bedroom | $630 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $830 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,110 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $1,210 | the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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